For Sale
$1,040,000

30 Bidwell St Manchester, CT 06040

26-Unit Townhome Project, Shovel-Ready

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 2.74-acre parcel in Manchester, Connecticut, presents a prime opportunity for a build-to-rent (BTR) townhome development. Fully approved and entitled for 26 townhomes, this shovel-ready lot boasts a PRD zoning designation and requires no further approvals. The site is conveniently located near major highways, including Routes 384, 84, and 91, providing easy access to commuting routes. The property's flat terrain and lack of trees simplify construction. Detailed site plans and floor plans are available. Each of the planned townhomes is projected to command a monthly rental rate of $1700 to $1800. The property currently benefits from an AG exemption, resulting in very low property taxes. Its strategic location offers residents proximity to a wide array of shopping and retail options, including Walmart, Target, Home Depot, Lowe's, Costco, Trader Joe's, Shoppers Stop, Evergreen Walk, and Whole Foods. This location is considered highly desirable within the community. The asking price for this exceptional development opportunity is $1,040,000. This is a rare chance to acquire a fully permitted, ready-to-build project in a thriving market. Don't miss this chance to capitalize on the strong demand for rental housing in this area. The address is 30 Bidwell St, Manchester, CT 06040.

Highlights

  • 2.74-acre shovel-ready lot in Manchester, CT, fully approved for 26 townhomes.
  • PRD zoning, no further approvals needed.
  • Excellent location near Routes 384, 84, and 91, offering easy commuting.
  • Flat terrain simplifies construction; detailed plans available.
  • Projected rental income: $1700-$1800/month per unit; low property taxes due to AG exemption.
  • Prime location near major retailers (Walmart, Target, Home Depot, etc.) and desirable community.

Property Details for 30 Bidwell St

Property type
Land
Lot Size (sq. ft)
119,354 SF

Location Insight

City
Manchester
County
Hartford
State
Connecticut
Latitude
41.765868
Longitude
-72.557377

FAQs

What type of property is this?
Land - 26-Unit Townhome Project, Shovel-Ready
Where is the land located?
The property is located at 30 Bidwell St Manchester, CT.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: 2.74-acre shovel-ready lot in Manchester, CT, fully approved for 26 townhomes.; PRD zoning, no further approvals needed.; Excellent location near Routes 384, 84, and 91, offering easy commuting.
How can I contact the broker?
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30 Bidwell St
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